Mixed-Use Retail with
9052 Fort Hamilton Parkway Brooklyn, NY 11209
For Sale
Contact for pricing
Five residential apartments sit above a retail storefront in this mixed-use building.
Property Size4,500 SF
Price / SF$377.78
Days on Market62
Property Features for 9052 Fort Hamilton Parkway
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Mixed Use, Multifamily, Retail
Listing Agency:
IPRG Investment Property Realty Group
Listed By:
Matt Dittmeier · License #10401329347
Source:
Crexi
Added: May 26
Changed: Jul 23
Last Checked: Jul 26 at 8:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of IPRG Investment Property Realty Group
Investment Insights
Based on property information with market context.
This free-market mixed-use building offers five residential apartments above one retail storefront. The apartment mix is comprised of three 1BR units and two 2BR units, supported by a protected Tax Class 2A designation with low annual taxes.
The property is located on Fort Hamilton Parkway between 90th and 92nd Street in Bay Ridge, Brooklyn, with convenient access to the 95th Street (R) subway station. The building also sits in close proximity to the 86th Street retail corridor.
A current rent roll of $121,800 is in place, with a stated clear path to a proforma income of $181,200.
The property is located on Fort Hamilton Parkway between 90th and 92nd Street in Bay Ridge, Brooklyn, with convenient access to the 95th Street (R) subway station. The building also sits in close proximity to the 86th Street retail corridor.
A current rent roll of $121,800 is in place, with a stated clear path to a proforma income of $181,200.
Key Highlights
- Mixed‑use building with five residential apartments above one retail storefront
- Unit mix: three 1BR and two 2BR apartments
- Current rent roll of $121,800 with proforma income of $181,200
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $254.9k | $56.64 |
| − Vacancy | −$5.1k | −$1.13 |
| EGI | $249.8k | $55.51 |
| − OpEx | −$112.4k | −$24.98 |
| NOI | $137.4k | $30.53 |
4,500 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$3.08M
$2.70M – $3.60M
NOI $215,796 @ 7.0% cap · market cap 12.69%
Second Best
Apartment 5plus
$1.96M
$1.72M – $2.29M
NOI $137,380 @ 7.0% cap · market cap 8.08%
Theoretical Best
Specialty Retail
$3.73M
$3.26M – $4.35M
NOI $260,820 @ 7.0% cap · market cap 15.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Michael L. Walker ...
Law Firm
Romano Reality & Sons
Apartment Building
DWC INTERNATIONAL INC.
Consultant
A Plus Legal Services
Law Firm
Sigma Accountants and Advisors, ...
Accounting Firm
FAQs
What type of property is this?
Apartment building - Five residential apartments sit above a retail storefront in this mixed-use building.
Where is this apartment building located?
The property is located at 9052 Fort Hamilton Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Mixed‑use building with five residential apartments above one retail storefront; Unit mix: three 1BR and two 2BR apartments; Current rent roll of $121,800 with proforma income of $181,200
